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253 D. Consolidated Financial Statements
357 E. Additional Information
245 C. Compensation Report, Corporate Governance
statement pursuant to Section a of the
German Commercial Code, Takeover-relevant
information and explanatory report
246 C. Siemens AG ( Discussion on basis of
German Commercial Code)
250 C.Notes and forward-looking statements

“balance sheets” for ozone-depleting solvents – even those we
use in quantities below statutory minimum thresholds – is one
of our measures for reducing air pollution. We measure prog-
ress toward achieving our “Serve the Environment” program
targets by aggregating the results of measures implemented
locally at our sites.
We calculate our performance indicators for all office and pro-
duction sites of environmental relevance using environmental
data gathered quarterly. We calculate environmental perfor-
mance on a portfolio-adjusted basis. This approach enables us
to survey and compare our environmental performance over
time, regardless of acquisitions and disposals. We use a single
indicator which incorporates weighted calculations related to
the primary fuels consumed in generating the energy used at
our sites. This indicator takes into account the amount of ener-
gy used to extract, convert and distribute the fuels consumed.
Fossil energy sources receive a higher primary energy
factor
than renewable energy sources. Siemens sites can accordingly
increase their energy efficiency and reduce their impact on
natural resources by strategically adjusting their choice of en-
ergy sources.
We achieved the targets we set ourselves in fiscal . Due to
the weaker business we were unable to maintain the level of
energy and waste efficiency reached in fiscal . By imple-
menting several measures for waste disposal reduction and
reasonable energy procurement, the waste disposal ratio and
CO efficiency were almost maintained at the level of fiscal .
C... PRODUCT-RELATED
ENVIRONMENTAL PROTECTION
The major focus of product-related environmental protection is
to improve the overall environmental performance of our prod-
ucts and systems. We define mandatory requirements in our
internal environmental standard to reduce the environmental
impact of our products and systems during the product devel-
opment, production, use and disposal phases. The “Product
Eco Excellence” program supports our businesses to fulfill
these requirements. Additionally, the program aims to better
prepare the operating units for future regulatory and customer
requirements, to strengthen environmental communication,
and to broaden environmental awareness among our employ-
ees. The main elements of the program are:
> Being committed to continuously improve transparency re-
garding declarable substances, particularly in purchased
parts and components. To gain transparency, we provide a
list of declarable substances (LoDS), comprising substances
that are restricted in use due to regional or application-spe-
cific regulations, or due to potential health and environmen-
tal risks posed by these substances themselves and in the
manufacture, use and disposal of products containing them.
We strive for an improved basis for assessing the environ-
mental impact of our products, and ensuring that our cus-
tomers’ requirements in the respective target markets are
met. This also supports closing material cycles (cradle to cra-
dle) which is becoming an increasingly important topic as
global market demands.
> To develop a methodology for better assessing risks such as
environmental, toxicological, and future availability risks as-
sociated with used substances and materials. The results are
the basis for substitution decisions within product develop-
ment. We have developed the methodology and will roll it
out as part of the environmental program. We intend to veri-
fy the potential of the methodology using pilot projects.
> To establish a harmonized procedure for determining the
“ecological footprint” of our products whose coverage we
want to further increase. In order to determine and evaluate
the “ecological footprint” of our products and systems, we
have adopted the requirements of international life-cycle as-
sessment (LCA) standards ISO  and ISO . The as-
sessment results are the basis of our environmental product
declarations (EPD) which our customers rely on for reducing
their own environmental impact.
C.. Employees
Indicators
Year ended September ,
 
Employee turnover rate 10.8% 10.7%
Female employees in management positions
(percentage of all management positions) 15.6% 15.3%
Expenses for continuing education
(in millions of €) 265 283
Expenses per employee for
continuing education (in €) 670 693
1 Continuing and discontinued operations.
2 Employee turnover rate is defined as the ratio of voluntary and involuntary
exits from Siemens during the fiscal year to the average number of employees.
3 Employees in management positions include all managers with disciplinary
responsibility, plus project managers.
4 Without travel expenses.
Excellent employees are one of Siemens’ vital strengths. They
have made Siemens what it is today and their expertise, capa-
bilities and high level of engagement are laying the foundation
for our future success. To stay competitive, we need to contin-
uously win and retain the best and brightest employees world-
wide. As an employer of choice, we empower our diverse and
engaged people worldwide with a high-performance culture,